Tether denies rumors of creating its own blockchain: USDT issuer's strategy remains unchanged
In recent days, the crypto community has been actively discussing the possibility of Tether—the largest issuer of the USDT stablecoin—launching its own blockchain. The talk was sparked by a publication from the analytics service CoinMarketCap, in which Tether was mistakenly listed among developers of infrastructure networks. However, the company's CEO, Paolo Ardoino, was quick to set the record straight.
In his statement, Ardoino categorically denied any plans to create its own network. According to him, Tether is not conducting development in this direction and has no intention of competing with existing blockchain platforms. Moreover, the company's management considers such a move impractical from a strategic business development standpoint.
Notably, after the CEO's response, the authors of the study promptly made corrections to their report, eliminating the technical inaccuracy. This incident further underscores how sensitively the market reacts to any signals related to Tether's activities, given the systemic importance of USDT to the entire crypto economy.
Why doesn't Tether need its own blockchain?
In my view, Ardoino's position is entirely rational. Tether's current business model is built on multichain integration: USDT already operates on dozens of networks—from Ethereum and Tron to Solana and the Lightning Network. Launching its own blockchain would require enormous resources for security, validation, and attracting developers, which would distract the company from its core mission—maintaining the liquidity and stability of the stablecoin.
Furthermore, amid growing regulatory pressure on stablecoin issuers, focusing on infrastructure projects would create additional legal risks. Tether is clearly betting on partnerships with established blockchains, which allows it to maintain flexibility and quickly adapt to market changes.
In the end, despite periodic speculation, Tether's strategy remains unchanged: the issuer will continue to strengthen USDT's position as a universal settlement tool, without being distracted by building its own infrastructure. This is a measured decision that will undoubtedly benefit both the company itself and the entire crypto market, which is interested in the stability of the key stablecoin.